Wednesday, December 8, 2010

Auspicious dates for wedding/marriage in 2011

Here is the list of auspicious dates for wedding/marriage in year 2011 (year of Rabbit), which is produced based on the Chinese almanac Tong Shu. (Click the image to enlarge)


The dates highlighted in pink are considered even more auspicious.

You might aware that the mid-autumn day which fall on 12 September 2011 is among the auspicious dates. That day will have the brightest and biggest full moon of the year. Another interesting date is Christmas Eve which fall on 24 December 2011 and is a Saturday.

Bear in mind that although the Tong Shu is a compilation of Chinese astrology and calendaring studies gathering wisdom of thousands of years, we should use it wisely and rationally, but not be too superstitious on it.

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Wednesday, November 24, 2010

SunCity and Sunway to merge into single entity

After SunCity (6289) and Sunway (4308) suspended for 2 trading days awaiting for this announcement, the Sunway Group has proposed to buy over SunCity (Sunway City Berhad / 双威城) and Sunway (Sunway Holdings Berhad / 双威控股) with a private company called Sunway Sdn Bhd, which is controlled by the same boss Tan Sri Jeffrey Cheah Fook Ling (谢富年).

After the merger, the new company (newco) will be relisted.

It is proposed that:

  • SunCity to be bought over at the price of RM5.10 per share, a premium of RM0.61 (13.59%) to its last closing price of RM4.49.
  • SunCity-WA to be bought over at the price of RM1.29 per warrant, a premium of RM0.17 (15.18%) to its last closing price of RM1.12.
  • Sunway to be bought over at the price of RM2.60 per share, a premium of RM0.35 (15.56%) to its last closing price of RM2.25.
  •  Sunway-WC to be bought over at the price of RM1.50 per warrant, a premium of RM0.36 (31.58%) to its last closing price of RM1.14.
Existing shareholders and warrant-holders will get:
  • Newco shares at the new listing price of RM2.80 representing 80% of the offer price.
  • Cash representing 20% of the offer price.
  • 1 free Newco warrant for every 5 Newco shares. Exercise period for the Newco warrant is 5 years.
With this information, and assuming that you are currently holding 1000 unit of the share or warrant of SunCity and/or Sunway, I have done a quick calculation of what you will get from this exercise.


What you will get are all the things in the last 3 columns. I think the free Newco warrant will have an initial listing price of RM0.005 and it is up to the market to give it a value during its 1st trading day.

The bad thing is, you will probably have some odd lots of NewCo and NewCo-WA after the exercise.

Disclaimer: This article is intended for sharing of point of view only. It is not an advice or recommendation to buy or sell any of the mentioned stock counters. You should do your own homework before trading in Bursa Malaysia.

Tuesday, November 23, 2010

The end of Novell

Novell, once being extremely famous with their NetWare Operating System, and also being the pioneer in Directory Service architecture, and later shifted focus to SUSE Linux, is now going to be sold to a not so well-known company - Attachmate.

The deal worth US$2.2 billion, or $6.10 per share.


Attachmate said it plan to operate Novell as 2 divisions:

  • SUSE Linux
  • The rest of Novell, including the ZENworks virtualization software and other networking solutions 
Beside that, Novell is also going to sell some of its intellectual property assets to CPTN Holdings, a Microsoft-organized consortium. The deal worth another US$450 million.

With this acquisition, here come the end of Novell, once a technology giant with excellent products, but failed to compete with rivals such as Microsoft (NetWare vs Windows Server), Red Hat (SuSe vs Redhat Linux), etc.



Hint: Click on the "Older Posts" link to continue reading, or click here for a listing of all my past 3 months articles.